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348 W 7Th St, Long Beach, CA 90813
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348 W 7Th St Long Beach, CA 90813

$975,000 Sold Price as of 10/17/2023
  • 3 Beds
  • 3 Baths
  • 1,914 Sq.Ft.
Sold
$975,000 Sold Price as of 10/17/2023 Refinance Your Mortgage
Map preview of 348 W 7Th St, Long Beach, CA 90813

Property Overview: 348 W 7Th St Long Beach, CA has 3 bedrooms, 3 bathrooms, 1,914 living square feet and 5,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A great opportunity to own a well-maintained triplex income property near downtown Long Beach In the beautiful historical Willmore City/Drake Park District which was the first historic district declared by the City of Long Beach . This triplex offers 3 – large one bedroom units each with their own 1-car garages and dual paned windows throughout. The ground floor unit has a private patio yard area and a 1-car garage with direct access into the unit. Upstairs features a newly remodeled unit with laminate flooring throughout, a remodeled kitchen with quartz countertops and has new paint. The building has a gated secured entrance with approximately 1,914 sqft of living space and is situated on a 5,253 sqft lot (total including the community garden), and features a separate laundry room with a new owner coin operated washer and dryer plus large storage room. The lot next door is currently being used as a community garden, but it has its own address of 646 Chestnut and a separate water meter. A historical house was moved from there to Drake Park in the 1980’s. Potential to build an ADU, please check with the City of Long Beach to verify.

Listed by Kym Elder | BRE #01320231 | Coldwell Banker Realty
Last checked: 13 minutes ago | Last updated: November 10th, 2023 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,253
HOA Dues
$0/mo
Year built
1960
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PW23163067
City
Long Beach
County
Los Angeles
Time on Site
259 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $31,300
  • Net Operating Income: $27,219
  • Gross Operating Income: --
  • # of Rented Garages: 3
  • Laundry Income: $800
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $4,121
  • Electric: $360
  • Gas/Fuel: $216
  • Trash: $384
  • Insurance: $1,421
  • Water/Sewer: $1,200

Property Details for 348 W 7Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Individual Room, Washer Included
Room Information
  • Flooring: Carpet, Laminate, Vinyl, Wood
Kitchen Information
  • Has Appliances
  • Gas Range, Gas Water Heater
Interior Features
  • Ceiling Fan(s), Copper Plumbing Full, Quartz Counters
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Good Condition, Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage Faces Front, Garage - Single Door, Off Street
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7272022002
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: taking 7th St West, property is on the left hand side on the corner of Chestnut and 7th
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 348 W 7Th St

Last leased for $1,895 on November 10th, 2023

  • November, 2023

  • Nov 10, 2023

    Date

    Leased

    CRMLS: PW23201812

    $1,895

    Price

  • Oct 30, 2023

    Date

    Active

    CRMLS: PW23201812

    $1,895

    Price

  • Listing provided courtesy of CRMLS

    Completely remodeled upstairs 1 bedroom, 1 bathroom unit with a large private 1-car garage with automatic opener included in the rent. This beautiful home features laminate flooring throughout, new ceiling fans, new paint, a bright living room, dual paned windows and a new kitchen with new stainless-steel appliances including a refrigerator, stove/oven and microwave along with Quartz countertops. The new bathroom has new subway style tiling and tub/shower combo enclosure. The building features only 3-units total with an on-sight laundry room. The property overlooks the stunning garden setting directly next door. Located in the Downtown Long Beach area, less than 1 mile from Pine Avenue’s fun eateries and night life and 1 mile from the Pike Outlets.

  • October, 2023

  • Oct 25, 2023

    Date

    Leased

    CRMLS: PW23192648

    $1,895

    Price

  • Oct 17, 2023

    Date

    Active

    CRMLS: PW23192648

    $1,895

    Price

  • Listing provided courtesy of CRMLS

    Completely remodeled upstairs 1 bedroom, 1 bathroom unit with a large private 1-car garage with automatic opener included in the rent. This beautiful home features laminate flooring throughout, new ceiling fans, new paint, a bright living room, dual paned windows and a new kitchen with new stainless-steel appliances including a refrigerator, stove/oven and microwave along with Quartz countertops. The new bathroom has new subway style tiling and tub/shower combo enclosure. The building features only 3-units total with an on-sight laundry room. The property overlooks the stunning garden setting directly next door. Located in the Downtown Long Beach area, less than 1 mile from Pine Avenue’s fun eateries and night life and 1 mile from the Pike Outlets.

  • October, 2023

  • Oct 17, 2023

    Date

    Sold

    CRMLS: PW23163067

    $975,000

    Price

  • Sep 7, 2023

    Date

    Active

    CRMLS: PW23163067

    $975,000

    Price

  • November, 2008

  • Nov 21, 2008

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

  • June, 2008

  • Jun 17, 2008

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 348 W 7Th St

Assessed Value (2020): $359,926
Year Land Value Improved Value Assessed Value
2020 $247,270 $112,656 $359,926

Home Value Compared to the Market

This property vs the competition

348 W 7Th St sold on October 17, 2023 for 21.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $509.4 per/sqft which puts the price per square foot 19.4% lower than the current median sale per square foot for the city of Long Beach.

About 348 W 7Th St

Detailed summary of property

348 W 7Th St is a triplex that recently sold in Long Beach, CA 90813. This triplex offered 3 bedrooms, 3 bathrooms, roughly 1,914 living square feet, and sits on an approximately 5,253 square foot lot. 348 W 7Th St was first listed on ArdentRealEstateGroup.com on August 31, 2023. The homeowner sold the property for $975,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 21.88% higher than the current median priced home. Local homes that are currently for sale include 430 Rose Ave, 1890 E 20th St and 2010 W Spring St. While the average home in Long Beach, CA is selling in 51 days, 348 W 7Th St has a days on market of 7 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 348 W 7Th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 348 W 7Th St

Public county record property details
Beds
3
Baths
3
Year built
1960
Sq. Ft.
1,914
Lot Size
5,252
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,4
APN
7272-022-002

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$570,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
34
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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